A machine that produces cellphone components is purchased on January 1, 2024, for $117,000. It is expected to have a useful life of four years and a residual value of $11,000. The machine is expected to produce a total of 200,000 components during its life, distributed as follows: 40,000 in 2024, 50,000 in 2025, 60,000 in 2026, and 50,000 in 2027. The company has a December 31 year end.

(a)

Calculate the amount of depreciation to be charged each year, using each of the following methods:

i.	Straight-line method

Straight-line method depreciation

$enter a dollar amount per year

per year

ii.	Units-of-production method (Round depreciation per unit to 3 decimal places, e.g. 15.257 and depreciation expense to 0 decimal places, e.g. 125.)

Units-of-production method depreciation

$enter a dollar amount per unit rounded to 3 decimal places

per unit

	Year	Depreciation Expense
	2024	$enter a dollar amount
	2025	$enter a dollar amount
	2026	$enter a dollar amount
	2027	$enter a dollar amount

iii.	Double-diminishing-balance method

Rate

enter percentages %

	Year	Depreciation Expense
	2024	$enter a dollar amount
	2025	$enter a dollar amount
	2026	$enter a dollar amount
	2027